Monday, December 11, 2017
Business

ICTC opens expanded manufacturing facility at Hernando airport

BROOKSVILLE — The traditional photograph of local dignitaries cutting a ribbon with giant ceremonial scissors was one way to mark the opening of another significant business expansion at Brooksville-Tampa Bay Regional Airport.

But on Friday, in front of more than 200 government and business officials and company employees, County Commission Chairman Dave Russell wanted to give the ribbon cutting a broader significance.

"It bears saying again, that the Brooksville-Tampa Bay Regional Airport is a place for new beginnings,'' Russell told the crowd. "It is especially gratifying to see a business like ICTC grow, flourish and evolve here, very much like the facility we are in.''

Standing on a stage in the expansive 44,300-square-foot manufacturing facility, Russell directed people's attention to photos of the abandoned building frame that occupied the same space just two years ago. It was a truss plant that shut down after the construction bubble burst in 2007.

"What an awesome transformation, and not only for the building but the business enterprise as well,'' Russell said.

The county's business development office has long pointed to Interconnect Cable Technologies Corp. as a perfect example of how the airport's industrial park is evolving into the "technology center'' that is now in its name. The county wants to continue to encourage the development of more industries with manufacturing and technology components in order to get away from Hernando's longtime reliance on the home-building industry, which remains depressed.

On Friday, Sareet Majumdar, president and chief executive officer of ICTC, stood at Russell's side. Majumdar took over company operations in 2007, and since then the business has more than doubled its operation.

With the new $2 million-plus facility opening just across Flight Path Drive from the original operation, the growth will continue. Although ICTC has just under 100 employees now, within three years that number is expected to grow by about 40.

The special guest at the ribbon cutting and celebration was Florida Attorney General Pam Bondi. Gov. Rick Scott was originally scheduled to attend, but he had to cancel and sent Bondi in his place.

Majumdar joked that Bondi was "an upgrade,'' then proceeded to praise both Scott's and Bondi's performance, as well as the cooperation of Hernando County government leaders who together made the expansion possible.

He retold the story of how he worked with former county business development manager Michael McHugh to purchase the old plant and repurpose it. The county provided a 50-year lease, a $120,000 grant to help with the building purchase and renovation, and a job creation incentive worth $3,000 per new job created, paid out over time.

Majumdar thanked his family, his business partner and his employees for the company's success.

He had just finished leading local government leaders and Bondi on a tour of the facility, stopping by the table where ICTC workers were assembling packages of food for the Feeding Children Everywhere Project.

Bondi thanked Majumdar for the work his company has done to make life better for people throughout the world and for promoting community projects like the one she had just donned a hair net to participate in.

"You're paying it forward'' she said. "I'm truly honored to be here.''

Founded in 1988, ICTC is an international business that manufactures custom wire harnesses, cables and circuit boards for distribution in an array of products, in applications ranging from aerospace and the gaming industry to consumer electronics and medical products.

 
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